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Reply to "Pay off home mortgage or pay off investment property?"
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[quote=Anonymous][quote=Anonymous]You could also invest some, say 100k, and use the rest to pay down a mortgage. I would pay down the rental if you are at all attached to your primary residence. I would want the freedom to unload the rental if need be w/o much impact to my day-to-day life.[/quote] NP here. But OP could unload it whether the mortgage is paid off or not. The way I see it, both houses are probably worth more than the mortgages. If OP wants to pay down a mortgage, it should be on his primary residence -- but not all the way. Maintain an emergency fund and keep some interest to deduct on your taxes. That brings peace of mind as well as reduces some debt. But, really, I'd probably just keep paying on the mortgages and invest the money. [/quote]
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